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Pueblo West property owners are required to pay for road improvements

The growing pains in Pueblo West are becoming agonizing for home builders as everything from road construction requirements to other climbing costs are putting the squeeze on the dream home budget.  Kirby and Kiaha Quint wanted to build a new home for their family of four in Pueblo West but were blindsided by a requirement to pay for road improvements.  The young couple, who are building their own home, got a permit to do so, but were caught by surprise when they were told the cul-de-sac road Cloudburst Lane would have to be improved before they could occupy the home. That is going to cost about $25,000. 

Pueblo s commercial real estate market is due to trend upward

When it comes to Pueblo’s real estate market, although residential properties seem to sell in the blink of an eye, commercial real estate is not following the same trend  yet. “Our commercial market has been pretty good for the last several years, but not hot. It is not anything like the rest of the state,” said Dan Molello, a RE/MAX Pueblo realtor who has sold commercial real estate for 49 years in Pueblo.  Even though Pueblo’s residential real estate is selling like hot cakes and pretty much any kind of house will sell fast, commercial real estate, “Is nothing like the residential market that’s for sure not even close. They always have been two different markets,” Molello explained. 

Property values are up in Pueblo County Your tax bill may rise, too

The value of agricultural land increased by 23.4% from approximately $26.8 million to approximately $33.2 million.   Commercial and industrial land value increased by a modest 1.5%, a growth rate much slower than the 6.7% growth that property type experienced from the last valuation. The value of that type of land in the county is approximately $591 million.  Finally, residential property saw an increase of 25.4% from $734.2 million to $920.9 million.   Casey Edwards, the president of the Pueblo Association of Realtors, said that the valuation increases match what he sees in the local and statewide real estate market with an increase in home prices and multiple offers per property. He said he wouldn’t be surprised if the increase was higher than the number from the assessor’s office.  

Construction of new homes in Pueblo s Villa Bella subdivision starts in May

Construction of new homes in Pueblo s Villa Bella subdivision starts in May
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